Comfort Systems USA, Inc. $FIX Shares Sold by Sierra Legacy Group

Sierra Legacy Group cut its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 31.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,535 shares of the construction company’s stock after selling 705 shares during the period. Sierra Legacy Group’s holdings in Comfort Systems USA were worth $1,267,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Comfort Systems USA in the second quarter valued at approximately $256,998,000. AQR Capital Management LLC lifted its position in shares of Comfort Systems USA by 47.5% during the 2nd quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after buying an additional 252,007 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in Comfort Systems USA in the 2nd quarter valued at $114,551,000. Third Point LLC purchased a new stake in Comfort Systems USA in the 2nd quarter worth $99,199,000. Finally, Symphony Financial Ltd. Co. purchased a new stake in Comfort Systems USA in the 2nd quarter worth $87,718,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 4,370 shares of Comfort Systems USA stock in a transaction on Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the sale, the chief financial officer owned 39,824 shares in the company, valued at $38,186,437.12. The trade was a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Herman E. Bulls sold 2,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the transaction, the director owned 30,574 shares of the company’s stock, valued at approximately $30,990,417.88. This represents a 6.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 26,028 shares of company stock worth $25,381,151. 1.59% of the stock is owned by company insiders.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $1,119.88 on Friday. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,147.03. The company has a market cap of $39.50 billion, a price-to-earnings ratio of 47.41 and a beta of 1.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The business’s 50 day moving average price is $971.52 and its 200 day moving average price is $821.59.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $1.96. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the prior year, the business earned $4.09 EPS. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. On average, research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s payout ratio is 10.16%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FIX. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their price target on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. UBS Group increased their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Finally, Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,011.75.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.